Likewise, clas rank (if your school does it, or otherwise a general knowledge of GPA distribution at your school by the colleges) will also make a differance: a 3.8 reads very differently to adcoms if it puts you in the top 5% of your class vs. the top 20%.
An employee's gross pay is the amount of his wages before any deductions, including taxes and benefits. Gross pay may be determined by the amount an employee works, as in hourly pay, or at a set rate, as in a weekly salary.
Gross salary is what is agreed between you and your employer. Net salary is what you get after statutory and other deductions. To cite an example: Gross salary consists of: Basic Pay, Dearness Allowance, House rent Allowance, Conveyance Allowance, etc.et Salary is gross salary less the deductions which are made on account of statutory compliances(like PF, ESI, Income Tax, Professional Tax) and other dues (Like Loans and Advances taken) which you owe to the Company and Legal dues if any.